Renee Nere is now 36 - it is three years after she leaves Max and she sees him again with his wife and young child. He doesn't even recognize her, and she in turn feels nothing for him. Renee is now living as an independent woman on a small income from an inheritance. She has left the music hall and is thinking once again of writing seriously. This time, however, she falls in love with her friend May's lover Jean. Renee is resigned to putting on the shackle when she becomes his mistress. It is the shackle you wear when you fall in love, and cannot extract yourself emotionally.